3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be strongly undervalued. ###PLOTLYGRAPH### The red lines in this …
Read ArticlePredicted price range for Wells Fargo & Company
Our trading algorithm values Wells Fargo & Company (WFC) to be strongly undervalued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | strongly undervalued |
| Current trend | uptrend |
| Buy/Sell Recommendation | Strong Buy |
| Current Price | $43.17 |
| 60 Day Prediction | $49.59 |
| 60 Day Pred - Lower Bound | $46.51 |
| 60 Day Pred - Upper Bound | $52.66 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = 0.016 * nr_days_in_the_future + 49.095
Based on this information, our algorithm recommends the trading decision: Strong Buy. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
WFC traded at $43.17 this Saturday October 15th, gaining since last week.
Looking back, over the last month, WFC has been loosing $-0.24 or -0.56 percent.
Over the last year, it has been loosing $-6.99 or -16.19 percent.
Seasonality of Wells Fargo & Company
Using our AI model, we have been analyzing the value change for Wells Fargo & Company depending on the day or month of a year. This can be seen in the following graph:
